Wed, Feb. 18, 8:58 AM
- As a step toward providing allied nations with weapons, the U.S. government has established a policy that will permit the widespread export of armed drones for the first time.
- Under the new rules, foreign governments' requests for drones will be examined on a case-by-case basis, while recipient nations must agree to certain "end-use assurances."
- To date, the U.S. has sold its armed drones only to Britain. Unarmed military drones, used primarily for intelligence, have been sold to several countries, including France and Italy.
- The shift in policy comes just days after the FAA proposed rules that would lift some restrictions on drones for commercial use.
- Related stocks: AVAV, NOC, TXT, LMT, LLL, RTN, BA, SAIC, GD, OA, COL, UTX
Thu, Feb. 5, 6:47 PM| Comment!
Nov. 26, 2014, 12:49 PM
Nov. 25, 2014, 5:42 PM
Nov. 25, 2014, 5:37 PM
- AeroVironment (NASDAQ:AVAV) still expects FY15 (ends April '15) revenue of $250M-$270M (in-line with a $258.6M consensus) and gross margin of 34.5%-37.5%.
- Funded backlog totaled $125.2M at the end of FQ2, up from $82M at the end of FQ1 but down from $133.8M a year earlier.
- UAV division revenue fell 23% Y/Y to $43M; EV charging division revenue rose 9% to $9.6M.
- Gross margin fell to 34% from 37%. GAAP SG&A spend rose 3% Y/Y to $13.5M; R&D spend rose 24% to $8.5M.
- FQ2 results, PR
Nov. 25, 2014, 4:37 PM
Nov. 24, 2014, 5:35 PM
Oct. 8, 2014, 10:20 AM
- DARPA has selected AeroVironment (AVAV -0.2%) to follow its successful phase I maritime unmanned aircraft system concept design with a phase II preliminary design for the Tactically Exploited Reconnaissance Node program.
- The 12-month, $19M phase II contract seeks to conclude with subscale flight demonstrations prior to a planned phase III award decision.
Sep. 30, 2014, 9:57 AM
- AeroVironment (AVAV -1%) has received three firm fixed-price orders from the U.S. Army totaling $27M for RQ-11B Raven and RQ-20A Puma unmanned aircraft systems spare parts.
- The latest orders increase the total value of orders for Raven and Puma AE UAS spare parts and Raven upgrades received since May 2014 to $77.6M.
Sep. 24, 2014, 1:07 PM
- The U.S. Marine Corps has placed a $21.8M order for AeroVironment's (AVAV +2.5%) RQ-12 Wasp AE UAVs and related spares packages.
- The Marines plan to use the RQ-12 as a short-range UAV solution, complementing AeroVironment's RQ-11B Raven and RQ-20A Puma systems; the latter acts as a long-range solution.
- AeroVironment had an $82M funded backlog at the end of its July quarter, up from $76.9M a year earlier.
Sep. 3, 2014, 5:35 PM
Sep. 3, 2014, 5:20 PM
- AeroVironment (NASDAQ:AVAV) is reiterating guidance for FY15 (ends April '15) revenue of $250M-$270M; consensus is at $258.3M. Gross margin guidance of 34.5%-37.5% is also affirmed.
- In spite of 18% Y/Y revenue growth, gross margin fell 110 bps in FQ1 to 27.2%, pressuring EPS. AeroVironment says a contract termination cost settlement and higher service contract costs took a toll.
- Funded backlog totaled $82M at the end of FQ1, up from $65.9M at the end of FQ4 and $76.9M a year ago.
- FQ1 UAV division sales +17% Y/Y to $41.2M; EV charging system division sales +20% to $10.7M. GAAP SG&A spend +7% Y/Y to $13.4M; R&D spend -1% to $7.1M.
- FQ1 results, PR
Sep. 3, 2014, 4:36 PM
Sep. 2, 2014, 5:35 PM
Jul. 9, 2014, 12:47 PM
Jul. 8, 2014, 5:36 PM
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AeroVironment Inc is engaged in the design, develop, produce, support and operate a technological portfolio of products and services. It supplies unmanned aircraft systems, UAS, tactical missile systems and related services within the US DoD.
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